DFS Secretary Chairs Meeting with NBFCs to Discuss Sectoral Issues and Reforms
Officials from the Department of Financial Services (DFS) held discussions with major NBFCs, regulators and industry bodies in New Delhi to address sectoral concerns, explore collaborative solutions, and strengthen the role of NBFCs in serving underserved and new to credit customers.
Read More: https://thekanal.in/en-IN/details/dfs-secretary-chairs-meeting-with-nbfcs-to-discuss-sectoral-issues-and-reforms-87237
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CSB Bank Penalised ₹43.10 Lakh for Alleged GST Violations, Bank to Challenge Order
CSB Bank has been penalised ₹43.10 lakh by Central Goods and Services Tax (CGST) authorities for alleged excess input tax credit and GST short payment under reverse charge for FY2018–2023.
Read More: https://thekanal.in/en-IN/details/csb-bank-penalised-4310-lakh-for-alleged-gst-violations-bank-to-challenge-order-69734
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Official Training or Family Trip? Tripura Gramin Bank GM’s Delhi Visit Raises Questions
Questions have emerged over a Delhi training trip linked to Tripura Gramin Bank (TGB) after travel documents showed family members of a senior official on the same itinerary. The program was organised by an insurance partner for selected bank officials.
Read More: https://thekanal.in/en-IN/details/official-training-or-family-trip-tripura-gramin-bank-gms-delhi-visit-raises-questions-14980
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RBI Imposes Monetary Penalty on Bank of India’s Kanpur Currency Chest
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1,85,300 on Bank of India for irregularities related to shortages, counterfeit notes and mutilated notes in soiled note remittances at its Kanpur Currency Chest. The bank stated that the penalty has no material impact on its financial operations.
Read More: https://thekanal.in/en-IN/details/rbi-imposes-monetary-penalty-on-bank-of-indias-kanpur-currency-chest-85873
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Loans Against Silver - RBI Framework to Take Effect from April 2026
New guidelines by the Reserve Bank of India will allow regulated lenders to offer loans against silver from April 2026 with standardised valuation, loan to value limits and borrower safeguards. The framework aims to expand access to credit while ensuring transparent lending and recovery practices.
Read More: https://thekanal.in/en-IN/details/loans-against-silver-rbi-framework-to-take-effect-from-april-2026-34011
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BoM and BOI BCs Face Backlash as Association Raises Concern Over PMJJBY and PMSBY Consent Forms
Maharashtra State Bank Mitras Association has raised concerns regarding harassment faced by Banking Correspondents related to consent forms for government insurance schemes. The association has written letters to Bank of Maharashtra (BoM) and Bank of India (BOI) seeking intervention and relief for Banking Correspondents (BCs).
Read More: https://thekanal.in/en-IN/details/bom-and-boi-bcs-face-backlash-as-association-raises-concern-over-pmjjby-and-pmsby-consent-forms-11295
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Financial Inclusion Efforts Strengthened in Odisha
Government measures to expand financial inclusion in Odisha have increased banking access, digital payments and financial services coverage, particularly for vulnerable and rural populations. Data also shows reported losses from digital payment fraud in recent years.
Read More: https://thekanal.in/en-IN/details/financial-inclusion-efforts-strengthened-in-odisha-14948
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SBI Officer Vijaya Sharma’s Documents Raise Questions on Leave, Transfer Request and Grievance Redressal Process
Documents shared by State Bank of India (SBI) officer Vijaya Sharma outline questions related to maternity leave denial, salary stoppage, transfer delays and the bank’s internal grievance redressal process.
Read More: https://thekanal.in/en-IN/details/sbi-officer-vijaya-sharmas-documents-raise-questions-on-leave-transfer-request-and-grievance-redressal-process-55437
#banking
Financial Inclusion Efforts Strengthened in Odisha
Government measures to expand financial inclusion in Odisha have increased banking access, digital payments and financial services coverage, particularly for vulnerable and rural populations. Data also shows reported losses from digital payment fraud in recent years.
Read More: https://thekanal.in/en-IN/details/financial-inclusion-efforts-strengthened-in-odisha-14948
#banking
SBI Officer Vijaya Sharma’s Documents Raise Questions on Leave, Transfer Request and Grievance Redressal Process
Documents shared by State Bank of India (SBI) officer Vijaya Sharma outline questions related to maternity leave denial, salary stoppage, transfer delays and the bank’s internal grievance redressal process.
Read More: https://thekanal.in/en-IN/details/sbi-officer-vijaya-sharmas-documents-raise-questions-on-leave-transfer-request-and-grievance-redressal-process-55437
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